Mitsubishi Co. (OTCMKTS:MSBHF) Short Interest Update

Mitsubishi Co. (OTCMKTS:MSBHF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 4,132,300 shares, an increase of 74.7% from the February 28th total of 2,364,800 shares. Based on an average daily trading volume, of 59,100 shares, the days-to-cover ratio is currently 69.9 days. Currently, 0.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Macquarie lowered Mitsubishi from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 7th.

Mitsubishi Trading Down 4.3 %

OTCMKTS:MSBHF traded down $0.80 on Friday, hitting $18.00. The stock had a trading volume of 36,546 shares, compared to its average volume of 40,817. The company has a fifty day moving average price of $16.92 and a two-hundred day moving average price of $17.66. The stock has a market cap of $71.57 billion, a price-to-earnings ratio of 10.40 and a beta of 0.63. The company has a quick ratio of 1.13, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. Mitsubishi has a 1-year low of $15.25 and a 1-year high of $24.27.

Mitsubishi (OTCMKTS:MSBHF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.35 earnings per share for the quarter. Mitsubishi had a return on equity of 10.56% and a net margin of 5.81%. Equities research analysts expect that Mitsubishi will post 1.6 earnings per share for the current fiscal year.

About Mitsubishi

Mitsubishi Corporation engages in the natural gas, industrial materials and infrastructure, petroleum and chemicals, mineral resources, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The Natural Gas segment engages in the development and production of natural gas/oil; and liquified natural gas business.